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Marian Goodman’s Gerhard Richters Total $78.8 Million in $162.7 Million Christie’s Sale

Christie’s 21st-century evening sale in New York on Wednesday achieved $162.7 million, its highest total in the category since 2021. The sale featured eight works from the collection of the late dealer Marian Goodman by Gerhard Richter, which together sold for $78.8 million, nearly half the evening’s haul. Richter’s photorealistic candle painting *Kerze (Candle)* (1982) hammered at $30 million, below its $35 million low estimate, but still set a new auction record for the series. Other Richters performed strongly, with six of seven exceeding high estimates, including *Mohn (Poppy)* (1995) at $20.1 million. A modest Basquiat work on paper, *Asbestos*, sold for $6.54 million, and one lot by Ed Ruscha was bought in.

Gerhard Richter ‘Candle’ From Estate of Revered Dealer Marian Goodman Falls Short of a Record at $35.1 M.

A Gerhard Richter painting, *Kerze (Candle)* (1982), from the estate of the late dealer Marian Goodman sold at Christie’s on Wednesday evening for $35.1 million (with fees), falling short of the artist’s $46.3 million record set over a decade ago. The lot, estimated at $35–$50 million, was guaranteed by a third party and drew a hammer price of $30 million after less than two minutes of subdued bidding. Goodman, who represented Richter for decades until he left for David Zwirner in 2022, had purchased the work directly from the artist in 1989 and held it for nearly 40 years. The painting was one of eight Richter works from Goodman’s estate offered in the combined “Marian’s Richters & 21st Century Evening Sale.”

Robert Mnuchin’s Rothko Sells at Sotheby’s for $85.8 M., Narrowly Missing a Record

A Mark Rothko painting, *Brown and Blacks in Reds* (1957), formerly owned by the late influential art dealer Robert Mnuchin, sold at Sotheby’s on Thursday night for $85.8 million. The work hammered at $74 million, falling short of the upper end of its $70–$100 million estimate, but with premium fees it became the second-most expensive Rothko ever sold at auction, narrowly missing the artist’s record of $86.9 million set by *Orange, Red, Yellow* (1961) in 2012. The painting was part of a sale devoted to Mnuchin’s collection, which also included works by Willem de Kooning, Pablo Picasso, Franz Kline, and Jeff Koons.

Long-Hidden Keith Haring Artworks Come to Auction

A collection of rare Keith Haring artworks, gifted to his childhood friend Kermit Oswald over nearly three decades, is coming to auction at Sotheby’s Breuer Building in May 2025. The trove includes a self-portrait from 1985 (estimated at $3–5 million), a painted crib and dresser ($250,000–350,000), a carved wood sculpture from 1983 (up to $800,000), and other early works on wood, fabric, and paper. These pieces trace Haring’s artistic evolution before his subway drawings and international fame, and were kept by Oswald, who was Haring’s best friend since kindergarten and later installed his shows.

Rothko from Robert Mnuchin collection fetches US$85.8m, becoming artist’s second-priciest work at auction

A red-and-black Mark Rothko painting, *Brown and Blacks in Reds* (1957), sold for US$85.8 million at Sotheby’s New York on May 14, becoming the artist’s second-most expensive work at auction. The canvas came from the collection of Robert Mnuchin, a former Goldman Sachs partner turned gallerist, and was the star lot of a dedicated 11-lot evening sale that totaled US$166.3 million. The winning bid was placed by Sotheby’s chairman Helena Newman on behalf of a telephone client, with the hammer falling at US$74 million against an estimate of US$70–100 million. The painting was originally owned by Joseph E. Seagram & Sons and hung in the lobby of the Seagram Building, a landmark of corporate modernism designed by Ludwig Mies van der Rohe and Philip Johnson.

Phillips Posts $115.2 Million ‘White Glove’ Sale, Big Gain Over Last Year

Phillips’s evening sale of modern and contemporary art on Tuesday achieved a 'white glove' result, selling all 41 lots for a total of $115.2 million with fees, near the $121.7 million top estimate. The sale marked a 119 percent increase over the same sale last year, driven by strong bidding on works by Salman Toor, Lee Bontecou, P.S. Krøyer, Joseph Yaeger, Helen Frankenthaler, Anna Weyant, and Pat Passlof. Two works were withdrawn before the sale, and about half of the lots had third-party guarantees. Despite some lots hammering below their low estimates, including works by Andy Warhol, Francis Picabia, Henri Matisse, and a Jackson Pollock at the center of a lawsuit, the overall result signals renewed market confidence.

Bidding battle for Matisse leads Sotheby’s $303.3m Modern art evening sale in New York

Sotheby’s Modern evening auction on 19 May in New York achieved $303.3m with fees, falling within its pre-sale estimate of $244m to $322.8m. The standout lot was Henri Matisse’s 1919 painting *La Chaise lorraine*, which sold for $48.4m after a ten-minute bidding battle, becoming the second most valuable Matisse painting at auction. Other highlights included Alberto Giacometti’s *La Clairière (Composition avec neuf figures)* at $23.1m, Pablo Picasso’s *Arlequin (Buste, 1909)* at $42.6m, and a Mark Rothko untitled work on paper at $9.27m. The sale also saw strong demand for works by female Surrealists Leonor Fini and Leonora Carrington, while a Rodin sculpture was passed and a Gottlieb painting was withdrawn.

Art Collectors Bet on Known Quantities Amid Market Reset

The Impressionist and Modern art category became the most lucrative market segment in 2025, generating $4.7 billion in sales—a 29.5% increase from 2024—as collectors favored established names amid a cautious market. The $10-million-plus bracket surged 68.6% to $1.5 billion, while the number of lots sold hit a decade high of 122,213. Postwar and contemporary art ranked second with $4.1 billion, but its average price per lot dropped to a decade low of $23,027. Old Masters saw a 41.2% rise to $708.6 million, partly driven by the Thomas A. Saunders III collection at Sotheby’s, though that sale fell short of estimates. Ultra-contemporary art continued its four-year decline, falling 26.5% to $229.9 million, with average prices tumbling 72.4% from their 2021 peak.